Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Increases By 38.2%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 120,327 shares, a growth of 38.2% from the December 15th total of 87,043 shares. Based on an average daily volume of 139,036 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 139,036 shares, the short-interest ratio is presently 0.9 days.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of NYSE THQ traded down $0.07 during trading on Friday, reaching $19.72. The company had a trading volume of 672,918 shares, compared to its average volume of 263,638. Abrdn Healthcare Opportunities Fund has a twelve month low of $15.14 and a twelve month high of $21.38. The stock has a 50-day moving average price of $18.91 and a two-hundred day moving average price of $17.88.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, January 23rd.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of hedge funds have recently bought and sold shares of THQ. Wealth Enhancement Advisory Services LLC raised its holdings in Abrdn Healthcare Opportunities Fund by 4.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 37,609 shares of the company’s stock valued at $692,000 after acquiring an additional 1,677 shares during the last quarter. PFG Investments LLC grew its position in shares of Abrdn Healthcare Opportunities Fund by 3.8% in the second quarter. PFG Investments LLC now owns 19,685 shares of the company’s stock valued at $362,000 after purchasing an additional 718 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in Abrdn Healthcare Opportunities Fund in the second quarter valued at $151,000. CWM LLC lifted its position in Abrdn Healthcare Opportunities Fund by 47.8% during the second quarter. CWM LLC now owns 56,397 shares of the company’s stock worth $1,037,000 after buying an additional 18,227 shares during the period. Finally, WNY Asset Management LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 6.7% in the 2nd quarter. WNY Asset Management LLC now owns 41,233 shares of the company’s stock valued at $758,000 after buying an additional 2,595 shares during the period.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.